LG ENGINEERING
ActiveSummary
LG ENGINEERING has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €34k and a net result of €38k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 38% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency67▼-3
Growth68▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.79 in 2023; short-term debt: 57.2% and cash: 43.9% of total assets), but 58% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
42%
Return on assets
46.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
19 d early
2022
39 d early
2021
103 d early
2020
43 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€34k=
2023 · €34k
2020: €34k
2021: €95k
2022: €34k
2023: €34k
2020 → 2024
Total assets
€81k▲ 6.3%
2023 · €76k
2020: €59k
2021: €124k
2022: €90k
2023: €76k
2020 → 2024
Net result
€38k▲ 31.7%
2023 · €29k
2020: €32k
2021: €61k
2022: €29k
2023: €29k
2020 → 2024
Working capital
€35k▲ 4.1%
2023 · €33k
2020: €30k
2021: €92k
2022: €32k
2023: €33k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€34k-€95k▲ 178%€34k▼ 64.1%€34k=€34k=
Operating result€44k-€76k▲ 72.5%€37k▼ 51.7%€37k▼ 0.4%€48k▲ 31.0%
Net result€32k-€61k▲ 92.3%€29k▼ 52.5%€29k=€38k▲ 31.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 31% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €81k
Equity
€34k =
Debt
€47k ▲ 11.4%
Debt's share of the balance-sheet total rises from 55.3% to 58.0%. Debt is higher.
Key figures and ratios
EBITDA
€49k▲
2023 · €38k
Cash flow
€39k▲
2023 · €30k
Current ratio
1.75▼
2023 · 1.79
Debt to equity
1.38▲
2023 · 1.24
ROE
111.5%▲
2023 · 84.7%
ROA
46.8%▲
2023 · 37.8%
Interest coverage
812.25▲
2023 · 308.96
Debt ≤ 1 year
€46k▲
2023 · €42k
Income taxes
€10k▲
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€76k€81k▲
Fixed assets21/28€733€0▼
Tangible fixed assets22/27€733€0▼
Furniture and vehicles24€733€0▼
Current assets29/58€76k€81k▲
Amounts receivable after more than one year29€15k€16k▲
Other amounts receivable291€15k€16k▲
Amounts receivable within one year40/41€48k€26k▼
Trade receivables40€47k€26k▼
Other amounts receivable41€887€887=
Cash at bank and in hand54/58€8k€36k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€76k€81k▲
Equity10/15€34k€34k=
Contributions10/11€3k€3k=
Reserves13€32k€32k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€42k€47k▲
Amounts payable within one year42/48€42k€46k▲
Trade debts44€876€2k▲
Suppliers440/4€876€2k▲
Taxes, remuneration and social security45€18k€13k▼
Taxes450/3€18k€13k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€24k€31k▲
Accrued charges and deferred income492/3-€648
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€733▼
Other operating charges640/8€759€860▲
Gross operating margin9900€39k€50k▲
Operating profit (loss)9901€37k€48k▲
Financial income75/76B€432€444▲
Recurring financial income75€432€444▲
Financial charges65/66B€123€60▼
Recurring financial charges65€123€60▼
Profit (loss) for the period before taxes9903€37k€48k▲
Income taxes67/77€8k€10k▲
Profit (loss) for the period9904€29k€38k▲
Profit (loss) for the period to be appropriated9905€29k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€38k▲
Profit (loss) brought forward from the previous period14P€0-
Profit to be distributed694/7€29k€38k▲
Return on contributions (dividend)694€29k€38k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €29k ▼52.5%
Net result drops to €29k, the lowest in the series; recovery starts the following year.
19-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €61k ▲92.3%
Operating result €76k, net result €61k, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-01
State Gazette act
General meeting · Capital increase
Share cancellation · Capital decrease
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Theux · 1 establishment unit since 2020
Ground area
1,964 m²
Building footprint
221 m²
Volume, LiDAR
1,496 m³
2 parcels, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LG ENGINEERING
since 20202.298.935.335
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63076D1552/00B002 | Wallonia | 1,758 m² | 1 · 162 m² | 7.5 m · 2 fl. |
| 63076B1031/00E000 | Wallonia | 206 m² | 1 · 59 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 4,571 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.